The developers Qingjian realty have paid a huge amount, and are planning to develop the plot with the latest amenities like swimming pool, playground, jogging track, gym, tennis court. The latest technologies and automation will be used for the project, so that residents can book a slot for using the shared facilities. One, two and three bedroom flats are being planned, with flats either facing Marymount or Shunfu road. Some of the shopping malls are the Shunfu food centre, Junction 8 centre, and Thomson plaza. The reputed Raffles Institution junior college, secondary school, James cook university, Whitley, Marymount, St Nicholas, Maryflower schools are close to the proposed condo at Shunfu.
Shunfu Ville, one of the biggest real estate by quantum in Singapore. It was sold for S$638 million to Qingjian realty in 2017. Shunfu Ville went up for collective sales in the month of September, but the tender exercise and closed with no previous and formal bids, although there were two more developers who made their expression of interest in it.
Shunfu Ville was more in scene because it was less than 200 m away from the renowned Marymount (MRT) railway station. The Qingjian realty took two bold decisions last month – one was buying Shunfu Ville and the other one was securing a $301 million Bukit Batok mixed development site. Before buying Shunfu Ville, Qingjian laid an eye on Normanton Park and Eunosville. The general manager of Qingjian – Mr Li Lun, overviewed the estates and prices of all the properties and out of all the three he finally decided to buy Shunfu Ville because of it’s location, transportation, view, many schools were near it and reasonable pricing, his eye was on the property from last October.
It is interesting to note that the company had kept Holland village as a backup plan, in case they failed to confirm Shunfu Ville – their first option. Mr. Li is hoping that their company Qingjian can get an approval from the board within 12 months, which is by the end of the fourth quarter. They are striving to have greater than 1,000 units for residential purpose which would have one bedroom to five bedrooms condos and houses. Mr. Li believes the house should be affordable for owners to afford and hence is planning to keep it economical – within $2 million.
With their right strategy and such an attractive position of the Shunfu Ville site, the company is certain that they can get it fully sold out. Also, in the recent years, there has been a drastic decline in the development of the nearby areas, thus increasing their chances of being in high
demand and fully sold. What made Qingjian buy Shunfu Ville
Public transportation can be easily accessed from the Marymount MRT that is situated with a short distance. Shunfu Ville is a great place to live in, with a beautiful environment and variety of amenities. People need not to worry about anything near it, because it was a beautiful place to live in with a better surroundings. Shunfu Ville was redeveloped into a new launch condo – Jade Scape. However, regardless of the extremely slow down market, certain developers are more bullish and self-assured of Singapore’s property market.
Qingjian started a new project on it with well furnished rooms, terrace, one to five bedders, Qingjian is confident of selling them all with a better pricing, so that he can earn his profit. Qingjian latest project is the 632-unit The Visionaire EC in Sembawang, which is about 30 per cent sold since it was launched in April.